Crypto Lender Celsius Shouldn’t Reopen Custody Withdrawals, US Trustee Says

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The company’s motion to reopen withdrawals would only apply to customers holding “pure custody assets,” which Celsius has failed to define. The objection claims that distributing funds to a limited group of customers without a full understanding of the company’s crypto holdings, its debts and the transfers between its various accounts and subsidiaries could “inadvertently impact or limit distributions to other creditors.”



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